The session will discuss current issues and trends for pension plan accounting and auditing, notably determination of discount rates, types of pension plan (e.g., shared-risk plans), the Public Sector Accounting Board project on employee benefits, and other hot topics.

How much is enough retirement income? The “right” target is often cited as 70% of pre-retirement income, but does this do the job? Based on ten years of research and analysis in industry, academia, and government, Ms. MacDonald's presentation tackles the often posed but never answered question "how much is ENOUGH retirement income?". She also uses her findings to explore the impact of CPP expansion on future Canadian seniors. Mr. Brown will also discuss the CPP expansion and its impacts.

12:05 – 12:55 Luncheon

13:05 – 13:50 Keynote Speaker – Dean Bergeron

Dare to dare! – The limits are only made to be overcome!
Every day, modern life brings us a share of new challenges. At the office as well as at home, we are always called to do better, faster, and with less. Why do we wait to meet these challenges and make the best of it? We all have the ability to achieve this and learn from our experiences. The keynote speaker will discuss the challenges he faced and the means that helped him to triumph.
14:00 – 14:45 Session 4 • Legal Issues Surrounding Participant Investment Decisions in Defined Contribution Plans
Moderator:June Smyth (FCIA), senior consultant actuary, Baynes & White Inc.
Speaker:Natalie Bussière*, partner, Blake, Cassels & Graydon

In this session, Natalie Bussière will discuss some legal issues surrounding participant investment decisions. She will look at best practices not always followed and discuss communication materials necessary for participants to make informed decisions. She will also explore how investment options can be changed, and considerations surrounding default fund options. In addition, she will discuss requiring higher investment management fees post termination of employment.

In this session, the Committee on Pension Plan Financial Reporting (PPFRC) and the Actuarial Standards Board (ASB) will provide an update on their activities during the last year and upcoming initiatives.